KYC

Compliance of KYC norms

As you know, as per the directives issued by the Reserve Bank of India, from time to time, any person desirous of opening an account or having an account with the Bank is required to fulfill the KYC norms laid down by the RBI.For opening an account in the name of an individual, a copy each of any one the of the document from the following is required to be submitted to the Bank:

Sr.No.

For Identify Proof

1

Passport

2

PAN Card

3

Voter’s identity card

4

Driving Licence

5

Identity card (subject to the Bank’s satisfaction)

6

Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank

Sr.No.

For Residence Proof

1.

Telephone Bill

2.

Bank Account Statement

3.

Letter from any recognized public authority

4.

Electricity Bill

5.

Ration Card

6.

Letter from employer(subject to satisfaction of the bank).(any one document which provides customer information to the satisfaction of the bank)

All the valued customers of the bank are required to ensure that they have submitted the required documents in compliance of the KYC norms as directed by the RBI from time to time.Failure on part of customer in submission of necessary documents within 15 days as specified above, Bank will have no option but to close the Transactions in the account / close the account of the customer and terminate the relationship.